# PPP loan: MOTORAMBAR, INC
> **$2.01M** approved 04/13/2020 · Paid in Full · Loan `5553757108`
## Borrower
- **Name:** MOTORAMBAR, INC
- **Address:** Westgate Industrial Park, Calle 2 Esq.3, CATANO, PR, 00962
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.01M
- **Initial approval:** $2.01M
- **Forgiven:** $2.03M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.76M
- **Rent:** $210K
- **Utilities:** $34K
- **Jobs reported:** 190
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*